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Bloomberg Television

PCE numbers, a bond rally and Intel is up 🥰

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T it’s an arrow in the heart of disinflation plus. 2% on the core PC but this parachute is about the 3 month number 1.7% the slowest 3mon period of the 2024 that’s what the FED really need to hear and the bond bullets they are ecstatic have a look at this this is the longest run of gains in the bond market since 2021 and that is a rally of 1 and a half% this month the biggest set of gains in four months there’s only one corporate story to focus in on and it is Intel up 6.62% Pat Ginger the CEO he’s got to stop the bleed he’s firing 15,000 people he’s canceled the dividend now we understand he may split off The Foundry business and pull back on capex the market likes it vice president CA Harris she is running for office and it looks like in the seven swing states in the morning console poll she’s ahead by 2% and in the sun Bel states she really is powering through

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